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Scottish Enterprise

Scottish Enterprise

Government

Scottish Enterprise is Scotland's national economic development agency committed to growing the regional economy and supporting local businesses.

Portfolio

19

companies


Portfolio companies

A

Atterley

An online marketplace connecting independent fashion boutiques with consumers.

G

Good-Loop

Good-Loop provides an ethical advertising platform that connects brand engagement with charitable giving.

BT

Biscuit Tin Planning

Biscuit Tin Planning provides a secure digital legacy vault for personal documents and life information.

V

Verlume

Verlume provides intelligent energy management and storage technologies for industrial sectors.

Xergy

Xergy

Xergy builds work management software for the energy sector.

TE

Trojan Energy

Trojan Energy manufactures flat-and-flush electric vehicle charging hubs for urban streets.

SnapDragon Monitoring

SnapDragon Monitoring

SnapDragon Monitoring provides digital brand protection tools to identify and remove counterfeit goods.

C

Chromacity

Chromacity designs and manufactures ultrafast lasers for scientific and industrial use.

Snappy Group

Snappy Group

The Snappy Group provides technology platforms connecting consumers with local convenience stores and hospitality venues.

A

Aveni

Aveni develops artificial intelligence platforms for speech analytics in business.

E

Estendio

Estendio develops accessible presentation software for students with disabilities.

BT

Boundary Technologies

Boundary Technologies provides modern smart home security systems.

S

Sharktower

An AI-driven project delivery platform that helps teams manage work and spot problems early.

CF

Cyan Forensics

Cyan Forensics builds digital triage technology that helps law enforcement and technology platforms detect and block harmful content.

R

RAB-Microfluidics

RAB-Microfluidics develops microfluidic technology to automate and accelerate oil analysis for industrial machinery.

T

TravelNest

TravelNest provides an online marketing platform for vacation rental properties.

Product Guru

Product Guru

An online platform connecting FMCG suppliers with retail buyers.

AF

Attis Fitness

Attis Fitness develops wearable fitness technology that provides runners with lab-grade analysis.

ML

Machine Labs

Machine Labs provides an automated e-commerce marketing platform for online stores.


Team

Paul Cross

Paul Cross

Representative

Paul brings trade and innovation experience from roles at Scottish Enterprise and Scottish Development International, following research and development management at Chemco International.

LinkedIn
IM

Ivan McKee

Investment Minister

MC

Michael Cannon

Head of Grants

Michael currently serves as Head of Grants at Scottish Enterprise, following leadership roles within Scottish Development International.

LinkedIn
LP

Leah Pape

head of scaling services

Leah leads high growth services at Scottish Enterprise, overseeing support programmes for scaling companies. Her long tenure at the organisation includes roles as company growth director and business gateway manager.

LinkedIn
Jan Robertson

Jan Robertson

Interim Director of Growth Investments

Jan brings extensive investment management and economic development experience from various leadership roles at Scottish Enterprise, including head of investment management and interim director of growth investments.

LinkedIn
KS

Kerry Sharp

Director of Growth Investments


Recent investments

Series A
£3.0M

Maven Capital Partners led the Series A round with participation from Scottish Enterprise and existing backers.

"This investment is a game changer for us and really sets us up for our next big phase of growth. We have always taken a test and learn approach to our investments in growth and that has not only kept us in control of our destiny as shareholders but has carried us through some of the most testing times for businesses that we have ever seen. I am excited that in partnership with Maven we will be able to accelerate our growth and capitalise on the massive market opportunity"
— Mike Welch, Founder and Chairman
Series A
£4.5M

The investment round was led by Quaestus Capital Management and will support international expansion and carbon reduction technology.

"At the heart of our industry is an inherent value exchange between advertiser and consumer, and I’m on a mission to harness that value as a significant force for good. Through our respectful, positive ad platform, brands can treat people online as partners — rather than targets — united by a desire to have a meaningful social impact. Backing from industry experts like QCM and FirstPartyCapital, social impact investors and, indeed, the general public, will help to supercharge our growth whilst keeping us true to our values at every step along the way."
— Amy Williams, CEO
Seed
£300K

Velocity Capital led the seed round alongside Scottish Enterprise to fund product development and new hires.

"Velocity is delighted to be working with Sheila as she tackles a very real pain point; managing the end-of-life planning process through a user-friendly digital vault, making it simple and easily accessible."
— Kirsten Gohl, Velocity Investment Associate
Growth
£2.5M

The oversubscribed funding round was led by Par Equity with participation from Orchard Venture Capital and Scottish Enterprise.

"As society continues to transition to cleaner energy systems, we have been experiencing greater demand for our decarbonisation solutions. This demand was reflected in our most recent funding round, with it being oversubscribed."
— Richard Knox, Managing Director and Founder
Seed
£1.2M

The Edinburgh based brand protection firm secured backing from ACF Investors, Mercia, and Scottish Enterprise to advance its technology.

"Sometimes out of adversity comes opportunity, and SnapDragon is testament to that. We are helping brands to remove fakes from sale online: protecting revenues, reputations and, most importantly, the end consumer. What brands may not realise is that sales made from counterfeits fund organised crime, such as trafficking – and nobody wants a fake of their brand funding illicit trade. In identifying fakes online, and removing them from sale on the pertinent platforms, we prevent their visibility and subsequent purchase, export, import and distribution."
— Rachel Jones, Founder and Head Dragon
Seed
£1.2M

The Edinburgh laser manufacturer has closed a £1.2m round backed by Kelvin Capital, EOS, Scottish Enterprise, and ESM Investments.

"This new funding will enable us to expand our team and accelerate Chromacity’s growth, both commercially and technologically. We are seeing significant traction with major industrial companies in China and Japan, who are very interested in the high average power and broad wavelength coverage of our systems, and it’s important we are funded to accelerate growth and capitalise on these opportunities."
— Shahida Imani, CEO
Seed
£1.1M

The TRICAPITAL-led round will fund team expansion and sector diversification for the Edinburgh fintech.

"In the new world, AI can be adopted throughout the customer journey, driving new insight, significant efficiency gains and better protecting the vulnerable. It’s a win-win situation. By using AI to help automate processes like quality assurance and risk monitoring, material cost reductions can be achieved. At the same time, companies gain targeted insights on customer experience and training opportunities for customer-facing staff."
— Joseph Twigg, CEO
Seed
£450K

The EdTech scale-up has raised £450k in a convertible loan note led by Scottish Enterprise to fund its entry into North American markets.

"I had to give presentations 2 or 3 times a week as part of my degree. I was getting so frustrated spending hours preparing every week only to forget key information during my presentation."
— Chris Hughes, Founder and CEO
Seed
£3.7M

The funding round was backed by Skyscanner co-founder Gareth Williams alongside Scottish Enterprise and Equity Gap.

"This is hugely exciting news and is a change of trajectory from our original, more modest ambitions – we are now set on the path for Boundary to become a top-tier European home security business. To have someone with the calibre of Gareth giving our product his backing and mentorship is incredible; we have massive plans for the future."
— Robin Knox, CEO
Seed
£400K

The seed round was led by Equity Gap with backing from Scottish Enterprise to fund broader domestic and global expansion.

"We were painfully aware of how outdated methods and tools were no longer fit to deliver the rapid change needed for businesses to survive. We’re all being challenged to deliver more, and at a faster and faster rate, but we still face the stress and frustration of misalignment and surprises in projects."
— Craig Mackay, Co-founder
Series A
£5.0M

Par Equity led the Series A round with participation from Mercia, Triplepoint, SIS Ventures, Scottish Enterprise and the MacLeod Family Trust.

"Our technology is already making a significant impact within counter terror and child sexual abuse investigations in the UK, and we're excited to build on this momentum in mainland Europe and the US. We've built a great network of partners to support our ambitious growth plans, and our team will double in size during each of the next two years to support this growth."
— Ian Stevenson, CEO
Series A
£1.8M

Silicon Valley Bank and Scottish Enterprise have backed TravelNest to support staycation growth and product development.

"We are excited about the year ahead. The changing dynamics of travel play to our advantage and present a huge opportunity for TravelNest and our customers. Industry data shows that people are opting for holiday rentals over hotels, and there is also a marked shift in travel behaviour with more domestic travel and a preference for accommodation in rural rather than urban settings."
— Doug Stephenson, Founder and CEO
Seed
£330K

The seed round was backed by Scotmid Coop, Techstart VC, and Scottish Enterprise to fund platform development and recruitment.

"2020 sent shockwaves through the high street, and nothing will ever be the same. Having worked in retail for 20 years, this has made me even more ambitious with our plans for growth over the next 18 months."
— Simon Coyle, CEO
Seed
£100K

Gabriel Investment Syndicate led the seed round to help take the company's technology worldwide.

"Our mission is to change the fitness tracking market for the better, by making professional running laboratory-grade technology accessible to all runners. In doing so, we’ll help people both improve their running and lessen the risk of injuries."
— Tim Elizondo, Founder
Seed
£300K

The funding round was backed by Belmond Capital, Scotmid, and Scottish Enterprise to support platform enhancements and marketing.

"After running my own companies for nearly 20 years, I have first-hand experience of how difficult it can be for emerging brands to get their products in front of retail buyers,"
— Simon Coyle, CEO